Net Income Per Common Share

3 Months Ended

Mar. 31, 2012

NET INCOME PER COMMON SHARE [Abstract]

Net Income Per Common Share

NET INCOME PER COMMON SHARE

Net income per common share is presented on both a basic and diluted basis.  Diluted net income per common share assumes the exercise of stock options using the treasury stock method. The following table presents the calculation of the numerator and denominator for both basic and diluted net income per common share:

	Three Months Ended
	March 31,
	2012				2011
	Income		Weighted-Average Common Shares		Income		Weighted- Average Common Shares
Net income	$	16,476	49,480,426		$	10,280	33,152,682
Effect of dilutive stock options	—		469		—		4,773
Diluted	$	16,476	49,480,895		$	10,280	33,157,455
Net income per common share:
Basic			$	0.33			$	0.31
Diluted (1)			$	0.33			$	0.31

(1) For the three months ended March 31, 2012, the calculation of diluted net income per common shareexcludes the effect of 15,000 unexercised stock option awards because their inclusion would have been anti-dilutive.